L3Harris Technologies (NYSE:LHX) Issues FY 2025 Earnings Guidance

L3Harris Technologies (NYSE:LHX - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 10.400-10.600 for the period, compared to the consensus estimate of 10.492. The company issued revenue guidance of $21.8 billion-$21.8 billion, compared to the consensus revenue estimate of $21.6 billion.

L3Harris Technologies Price Performance

Shares of NYSE:LHX traded down $4.15 during trading on Friday, reaching $269.07. The company had a trading volume of 1,965,092 shares, compared to its average volume of 1,267,688. The company has a fifty day moving average of $251.14 and a two-hundred day moving average of $225.63. The stock has a market capitalization of $50.30 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.13 and a beta of 0.75. L3Harris Technologies has a 12 month low of $193.09 and a 12 month high of $280.03. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.30. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.24 EPS. Equities research analysts forecast that L3Harris Technologies will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, September 5th. L3Harris Technologies's payout ratio is 53.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LHX shares. Wells Fargo & Company reduced their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial increased their price target on shares of L3Harris Technologies from $279.00 to $302.00 and gave the company a "buy" rating in a research report on Friday. Jefferies Financial Group dropped their price target on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, March 31st. UBS Group increased their price target on shares of L3Harris Technologies from $262.00 to $280.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a research report on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, L3Harris Technologies currently has an average rating of "Moderate Buy" and an average target price of $276.53.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 33,061 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $248.48, for a total transaction of $8,214,997.28. Following the transaction, the chief executive officer owned 145,572 shares in the company, valued at $36,171,730.56. The trade was a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward J. Zoiss sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $245.00, for a total transaction of $490,000.00. Following the completion of the transaction, the insider owned 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in L3Harris Technologies stock. Brighton Jones LLC increased its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 233.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,284 shares of the company's stock after acquiring an additional 3,001 shares during the quarter. Brighton Jones LLC's holdings in L3Harris Technologies were worth $901,000 as of its most recent SEC filing. 84.76% of the stock is currently owned by institutional investors and hedge funds.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.